Solana (SOL) is navigating a challenging phase as it recently experienced a price drop from its monthly high of $161.62 to trading below $137. Within just 24 hours, the cryptocurrency recorded a decline of 4.48%.

As October started, the cryptocurrency market faced a significant crash, increasing the bearish sentiment and attracting highly capitalized short-sellers. Some cryptocurrencies now risk suffering a short squeeze as imbalances appear in the market's open interest, dominated by short positions.

Sudeng, a recently launched meme coin on the Sui Blockchain, rose by over 30% as cryptocurrencies recovered. Sudeng (HIPPO) rose to a record high of $0.0143 on Oct. 3, a 180% increase from its lowest level this week.

Sui, the native token of the Layer-1 (L1) blockchain Sui Network, has experienced a parabolic rally over the past month, reaching $1.73 — a 120% increase in 30 days.

SUI experienced a sharp drop on Oct. 4, emerging as the day's largest loser, dropping over 15%. According to data from crypto.news, Sui (SUI) plummeted from an intraday high of $1.97 on Oct. 3 to a low of $1.

The crypto markets saw significant turmoil over the past 24 hours, with over 100,000 traders impacted by mass liquidations, greatly raising concerns during the latest market downturn. Bitcoin (BTC) briefly dipped below the $60,000 mark on October 3 before recovering and pushing back above $60,000.

Solana's price has seen a sharp drop of over 14% in early October, impacted by global geopolitical tensions

Financial institutions might prefer the SOL blockchain, but ETH remains much further ahead.

Solana (SOL) gained a Singapore dollar pairing on Upbit. The new listing arrives at a time of growing trading volumes for SOL, though with higher price volatility.

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI).

The Sygnum Bank report states how payment processing giants like Visa have been integrating Solana for USD Coin (USDC) settlement citing its “low costs” and “high throughput”.

Amid ongoing geopolitical tensions, the cryptocurrency market has recorded a significant correction in valuation this week. Moreover, top tokens have experienced a pullback toward their important support levels, indicating increased bearish sentiment in the crypto space.

SOL may be getting ready for a decline-rally cycle.

Sygnum Bank suggests that Solana's scalability and growing institutional adoption could position it as a serious long-term competitor to Ethereum.

Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies. The post Tron emerges as stablecoin powerhouse, outpaces Bitcoin, Ethereum, and Solana with $566 million in Q3 revenue appeared first on Crypto Briefing.

Solana trimmed gains and tested the $132 support. SOL price is consolidating and might aim for a fresh increase above the $140 resistance zone.

Cryptocurrency prices on October 4: The broader market witnessed heightened volatility on Friday, embarking upon turbulent price trajectories. Bitcoin (BTC) price fought market volatility to rest at the $60K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices slipped 1%-4%.

Solana still has serious ground to cover, but if major financial institutions start showing a preference for Solana, things could change.

Solana co-founder and chief executive officer of Solana, Anatoly Yakovenko, has recently remained highly critical of the administration of Joe Biden. He has rebuked the US government for its ineptitude in creating jobs and encouraging employment opportunities at the local levels.

Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.

Since falling from $160 on September 30, the Solana (SOL) price has continued to hit lower levels. Recent data suggests that the token might drop to a region it has not reached in almost a month.

Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge.

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Solana has hit the key $137 support level, and the bulls are now facing intense pressure to prevent a downward breakout. With the market momentum hanging in the balance, all eyes are on whether the bulls can defend this critical zone and spark a potential rebound.

Tron price is one of the few crypto assets that are up during the current market turmoil. The coin has gained 0.2% in the last 24 hours and is trading at $0.1539.

The recent bearish momentum has made SOL critical, leaving traders wondering whether it will hold above this key support or slip further.

The Solana price has dropped by 6.5% today, falling to $135 as the crypto market as a whole loses 3% in 24 hours.

Whistleblower Edward Snowden has faced a backlash from the Solana (SOL) community following his remarks about the blockchain's alleged centralization during his keynote speech at Token 2049 in Singapore.

Web3 interoperability platform Axelar has launched the Mobius Development Stack (MDS) on its mainnet, describing it as “the first-and-only holistic interoperability platform.”

Is SUI about to go through a bearish retracement after its recent bullish extension? Here are key observations that you may need to pay attention to.

After a recent surge fueled by high demand and speculative trading, SUI price risks falling by double digits. This comes after a 124% 30-day price increase, which made the altcoin the best-performing crypto in the top 100.

As the crypto market experiences a broad correction, Shiba Inu Coin (SHIB) and Solana (SOL) are also trading downward. Despite its strong fundamentals, Investors are left wondering how a potential surge in Solana's price to $2,000 could affect Shiba Inu's performance.

The crypto markets are plunging. The Bitcoin price is about to lose the pivotal support at $60,000. The growing uncertainties following the warlike situation between the two countries have heavily impacted the traditional financial markets and the crypto markets as well.

The integration of Axelar's MDS by major blockchains could significantly enhance web3's interoperability, fostering a more connected ecosystem. The post Sui, XRP Ledger, EigenLayer set to integrate Axelar's new Mobius Development Stack appeared first on Crypto Briefing.

Solana continued its downward trend, falling for four consecutive days as a sea of red engulfed the crypto industry. Solana (SOL), the fifth-biggest cryptocurrency, retreated to $135 on Thursday, Oct. 3, its lowest point in over three weeks.

The 2024 U.S. presidential election looms, discussions about its impact on the cryptocurrency market have taken center stage. Among the voices weighing in is Eric Balchunas, a notable analyst at Bloomberg.

The cryptocurrency markets continued to drop for the second day in a row, with major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), firmly entrenched in the red. BTC slumped to a low of $60,031 before recovering and is currently trading around the $61,300 mark.

Edward Snowden, whistleblower and privacy advocate, sharply criticized Solana's approach to blockchain at the Token2049 conference in Singapore. His remarks reignite the debate over the delicate balance between performance and decentralization in the crypto ecosystem.

Solana (SOL) is trading lower after reaching resistance at $160. Since the August 5 price drop, the cryptocurrency has been trading above the $120 support but below the moving average lines or resistance at $160.

Solana (SOL) declines over 14% in early October amid geopolitical tensions, centralization concerns, and weakening market sentiment, with futures data pointing to further downside risk.

Cardano price breakout was cut short after the general market took a nosedive due to the Iran-Israel war escalation. In the meantime, Cardano has surpassed Solana (SOL) in terms of keyword search volume on YouTube, despite the latter seemingly being the most popular of the two.

Discover insights on restaking in Solana, BNB, and Ethereum, blockchain networks: yields, risks, and staking strategies for crypto investors.

Solana's decentralization status has been re-examined by the community after Snowden's remarks.

Edward Snowden's criticism of Solana's centralization at a crypto conference reignited a debate within the blockchain community, prompting defenses from Solana supporters and highlighting ongoing competition between different blockchain ecosystems.

Is Solana (SOL) poised to reach the $300 mark? If you've observed this famous blockchain, you may have already experienced the hype that surrounds it. But is it a crypto with promising ROIs?

Sui Network has defied broader market sell-offs, with the SUI price approaching $2, driven by strong investor activity and expectation og new all-time high.

SOL price has been affected by the ongoing market decline and has potentially abandoned the anticipated bull pennant breakout. However, the pattern is still valid, and a little more consolidation between $130 and $161 should allow it to remain viable for a breakout.